How to Trade Binary Options with IQ Option In Pakistan?

Binary Options are an interesting trading instrument that has gained massive popularity among Pakistani traders. It has quickly become one of the most sought-after trading instruments, gaining the attention of the new generation of traders in the country. Though often surrounded by controversies, Binary Options are a preferred choice for traders looking to diversify their portfolios and earn a good profit in a short span of time.

Enthusiastic traders in Pakistan are often bothered about the legal status of Binary Options trading in Pakistan, IQ Option broker, and the rules and regulations surrounding it.

Let us explain to you all these things about binary options in Pakistan – in our complex article.

Binary Options – A legal trading instrument

Like most countries across the globe, Binary Options trading is legal in Pakistan. The trade of the instrument has been legalized by the Securities and Exchange Commission of Pakistan (SECP). However, no financial institutions in Pakistan have regulated trade in the country.

Like all unregulated financial transactions, the risk of fraud remains high in Binary Options trading. So, it is advised that one should choose regulated and accredited brokers for their trade. It should be noted that most of the regulated brokers for binary options are located offshore, happily accepting trades from Pakistan. Trading with such regulated brokers is safe and legal, as long as you adhere to the necessary local tax regulations too.

Why you should trade binary options?

Binary Options are a very lucrative trading instrument for people keen to earn huge volumes of profits in a short amount of time. The transparent nature of the trade serves as an incentive of traders, keeping them aware of the risks associated and the potential profit, before entering into a transaction.

As compared to some other trading instruments like forex or cryptocurrencies, binary options trading simpler and easier. It does not require you to follow several different complex procedures and techniques to execute a trade. In fact, one of the key reasons for the popularity of Binary Options is its simplicity, that reduces the worry of the traders to manage risk.

Binary Options are undoubtedly one of the most profitable instruments for traders where pay-outs reach as high as 91% with reliable brokers like IQ Option. All one needs to do is identify the correct direction of movement of the asset to earn profits. For sure, it’s not that easy as we describe, but it’s much easier than the forex or futures trading is. The principle of the trading is pretty easy, but the trading at all is not that easy. It

Maybe you are wondering how much you need to invest, because usually “the world of trading” requires a lot of money to even start. That’s not true. Not in binary options trading. To start trading you just need – $10. That’s it. Mentioned broker above – IQ Option offers this low minimum deposit. What do you think about it?

The next amazing thing is the fact, that IQOption offers one of the best demo (testing) accounts with virtual money, where you can test your skills and get to know the trading platform. Want to test the demo account?

HERE you can try IQ Option demo account

Is binary options trading possible in Pakistan?

Yes, as we said at the beginning of the article, Binary Options trading in Pakistan is legal and easily practicable. Many offshore brokers happily accept Pakistani traders and there are no legal consequences of practicing trade on such platforms.

To begin trading, all one needs is a stable internet connection, a smartphone or computer that supports the trading platform, a trading account, and an initial deposit. The legality of Binary Options, without any tight regulation for its trade, offer a great deal of freedom to the traders.

Which Broker Should You Opt for?

It is critical that one selects a reputable and reliable broker to achieve fair and successful trading. Since the only regulated brokers available in Pakistan are offshore ones, you should choose a popular broker that has proven results. Traders are advised to be careful about fraudulent practices in the market and choose a broker after detailed scrutiny. A renowned and highly-recommended broker for Binary Options is above mention broker IQ Option or you can also try OlympTrade broker, which is also reliable.

IQ Option offers one of the most simple-to-yet and customizable trading platforms, that is suitable for beginners and experienced traders alike. Featuring an intuitive user interface, the platform is regulated under CySEC. The platform is custom made for all devices including Windows, Android, iOS, and Mac. However, you must keep in mind that the platform might not be compatible with out-dated devices.

The platform allows you to trade with a minimum deposit of $10 and conduct trades worth as low as $1. For novice traders, the broker even provides a mentioned free demo account where one can polish their skills and prepare themselves for the volatile markets.

IQ Option promises great support to the traders over email and via live chat. Compatible with an array of languages and offering a wide variety of deposit, withdrawal, and currency options; the platform guarantees an unmatched trading experience.

Broker	Bonus	Min Deposit	Payout	Review	Open Account
	FREE DEMO ACCOUNT	$ 10	Up to 100 % (in case of correct prediction)!*	Review	Trade Now!
in case of correct prediction RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK*

How to Deposit or Withdraw Funds from IQ Options?

It is a fairly easy process to open an account with IQ Options, deposit funds and commence trading with IQ Options. Traders are required to undergo a simple verification process by presenting a recognized ID like the passport or the driving license. This process is necessary to prevent any case of money laundering.

IQ Option offers not only one of the lowest initial deposits ($10) but also provides a wide range of payment options for Pakistani traders. The various methods available for depositing and withdrawing funds include:

Credit Cards
AstroPay
Skrill
Neteller
Web Money
Bitcoin
Qiwi Wallet
Yandex
Fast Pay

For Pakistani traders, debit cards are not an option. It is important that users need to withdraw to the same bank card (in this case credit cards) or e-wallet, you used to make a deposit. Otherwise, the system will cancel the request. For Pakistani traders, it is recommended to use E-wallet services such as Neteller or Skrill instead of directly through a bank. Withdrawals are recommended through e-wallet services for Pakistani customers, although not mandatory.

Broker	Bonus	Min Deposit	Payout	Review	Open Account
	FREE DEMO ACCOUNT	$ 10	Up to 100 % (in case of correct prediction)!*	Review	Trade Now!
in case of correct prediction RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK*

Conclusion

Binary Options trading has gained massive popularity around the world, and Pakistan is not left out in this type of trading.

Binary Options are legal in Pakistan and can be engaged in lawfully. Offering high potential for profit in a short span of time, Binary Options promises a profitable and pleasant experience as long as one trades through a regulated and reliable broker like IQ Options, one of the most recommended brokers.

Are you not impressed by the IQ Option broker? What about to try Olymp Trade broker? Find out more about this broker in our article – Trade Binary Options in Pakistan with Olymptrade.

If you have any questions about trading binary options in Pakistan or about the IQ Option broker, let us know below in comments. Thank you.

More information about IQ Option broker:

Author

More about the author J. Pro

Unlike Stephen (the other author) I have been thinking mainly about online business lately. I wasn't very successfull with dropshipping on Amazon and other ways of making money online, and I'd only earn a few hundreds of dollars in years. But then binary options caught my attention with it's simplicity. Now I'm glad it did because it really is worth it. More posts by this author